Technical analysis on EU,GU and majors

[bhanu545]

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.5460 suggesting a rebound. However, a break of these levels would entail a decline to the lower limit of this one to 1.5360.
According to previous events, the market indicates a bullish opportunity at the levels of 1.5460 with the 1st objective of 1.5530, then of 1.5550. A break at 1.5440 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate broke the intermediate support of its medium term bearish channel in 1.2750 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1.2750 with a 1st objective of 1.2690, then 1.2660. A break in 1.2770 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5360 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5360 with a 1st objective of 1.5420, then 1.5450. A break in 1.5340 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate broke the intermediate resistance of its medium term bearish channel in 1.2730 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1.2730 with a 1st objective of 1.2790, then 1.2810. A break in 1.2710 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5510 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5720.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5510 with a 1st objective of 1.5570, then 1.5590. A break in 1.5490 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5520 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5720.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5520 with a 1st objective of 1.5580, then 1.5610. A break in 1.5500 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.2810 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3010.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.2810 with a 1st objective of 1.2870, then 1.2890. A break in 1.2790 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate broke the lower limit of its medium term bearish channel in 1.5350 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1.5350 with a 1st objective of 1.5280, then 1.5260. A break in 1.5370 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.2770 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.2990.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.2770 with a 1st objective of 1.2840, then 1.2860. A break in 1.2750 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.2860 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.2970.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.2860 with a 1st objective of 1.2920, then 1.2950. A break in 1.2840 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012